A few words on a competitor and the subscription m
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Posted On: 04/23/2019 12:37:27 PM
A few words on a competitor and the subscription model:
Exactly six months after Netflix sold $2 billion in junk bonds, the company today announced it was selling another $2 billion in high yield debt in what has become a bi-quarterly tradition, in order to fund its cash burning business. After today's offering, Netflix's total debt will rise above $12 billion.
Netflix actually increased its cash burn forecast for 2019, and now expects to burn through $3.5 billion of cash this year, up by half a billion from the prior projection.
It would appear that the subscription model is not viable and, therefore, I believe we are on the right track. Got my fingers crossed!
Exactly six months after Netflix sold $2 billion in junk bonds, the company today announced it was selling another $2 billion in high yield debt in what has become a bi-quarterly tradition, in order to fund its cash burning business. After today's offering, Netflix's total debt will rise above $12 billion.
Netflix actually increased its cash burn forecast for 2019, and now expects to burn through $3.5 billion of cash this year, up by half a billion from the prior projection.
It would appear that the subscription model is not viable and, therefore, I believe we are on the right track. Got my fingers crossed!
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(1)Nanotech Entertainment Inc. (NTEK) Stock Research Links
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